CECO Environmental Corp Acquires Thermon Group Holdings, Shares Rise 1.18%

By Chris Stiles • Monday, June 01 11:19 • Permanent Link

CECO Environmental said it completed its acquisition of Thermon Group Holdings on June 1, bringing Thermon into the combined company and adding two former Thermon directors, Victor Richey and Marcus George, to CECO’s board.

The company said the combined business will continue under the CECO Environmental name and remain led by CEO Todd Gleason and CECO’s board of directors.

CECO said former Thermon shareholders received cash and/or CECO common stock, depending on their election and subject to proration.

The company also said it will hold a 30-minute investor call and webcast on June 9 at 8:30 a.m. ET to discuss the combination and provide an update on integration and synergy matters. Today the company's shares have moved 1.18% to a price of $75.635. For the full picture, make sure to review CECO ENVIRONMENTAL CORP's 8-K report.

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